WASHINGTON – Nearly one in five District taxpayers could get a larger tax refund under a bill re-introduced today by Ward 1 D.C. Councilmember Brianne K. Nadeau. The Rainy Day Refund Act gives low income taxpayers who use the Earned Income Tax Credit a 50 percent “savings match” if they opt to save a portion of their refund for a “rainy day” by deferring part of their refund for six months. Deferring and increasing the refund amount is an evidence-based approach that lifts more taxpayers out of poverty by encouraging savings and helping families weather unpredictable fluctuations in income.
Today, surrounded by my friends, family, and my Ward 1 team, I was honored to be sworn in for my second term as your Ward 1 Councilmember. In my speech, I vowed to continue fighting for affordable housing and to ensure ALL residents share in the District’s prosperity. It is an honor to continue serving you.
The current D.C. Council has one remaining legislative session before the end of the year, which means we’ve been busy debating and passing legislation before the upcoming deadline. Here are some highlights.